United Technologies Corporation Has Another Very Negative Options Trading Session

 United Technologies Corporation Has Another Very Negative Options Trading Session

In today’s session United Technologies Corporation (UTX) recorded an unusually high (271) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious UTX decrease. With 271 contracts traded and 15724 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: UTX161118P00095000 closed last at: $0.14 or 36.4% down. About 821,147 shares traded hands. United Technologies Corporation (NYSE:UTX) has risen 6.14% since April 11, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Out of 19 analysts covering United Technologies Corporation (NYSE:UTX), 7 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 37% are positive. $134 is the highest target while $100 is the lowest. The $111.53 average target is 4.05% above today’s ($107.19) stock price. United Technologies Corporation has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of United Technologies Corporation (NYSE:UTX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 13. Goldman Sachs downgraded the shares of UTX in a report on Monday, May 2 to “Neutral” rating. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Tuesday, July 21 by S&P Research. The firm has “Buy” rating by Argus Research given on Wednesday, July 22. The firm has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The rating was downgraded by Sterne Agee CRT to “Neutral” on Wednesday, January 6. The stock has “Mkt Perform” rating given by Bernstein on Friday, January 8. The stock of United Technologies Corporation (NYSE:UTX) earned “Neutral” rating by Robert W. Baird on Thursday, October 6. As per Thursday, January 28, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, October 21 by Citigroup.

According to Zacks Investment Research, “United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, space propulsion systems and industrial gas turbines; Carrier heating, air conditioning and refrigeration; Otis elevator, escalator and people movers; Hamilton Sundstrand aerospace and industrial products; Sikorsky helicopters and International Fuel Cells power systems. (Company Press Release)”

Insitutional Activity: The institutional sentiment is 0.98 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as 65 funds sold all United Technologies Corporation shares owned while 517 reduced positions. only 91 funds bought stakes while 482 increased positions. They now own 655.21 million shares or 3.61% less from 679.78 million shares in 2016Q1.
Eads & Heald Inv Counsel holds 1.28% of its portfolio in United Technologies Corporation (NYSE:UTX) for 18,094 shares. Moreover, Chemung Canal Tru has 1.94% invested in United Technologies Corporation (NYSE:UTX) for 79,683 shares. Crestwood Advsr Ltd Co last reported 6,290 shares in the company. Orleans Cap Management La last reported 1.85% of its portfolio in the stock. New England Rech holds 0.62% of its portfolio in United Technologies Corporation (NYSE:UTX) for 7,070 shares. Lumina Fund Mngmt Ltd Company, a New York-based fund reported 8,000 shares. Glenmede Na has 586,088 shares for 0.36% of their US portfolio. Crestpoint Capital Management Limited last reported 1.01% of its portfolio in the stock. American National Registered Invest Advisor last reported 9,955 shares in the company. Miller Investment Ltd Partnership has 0.65% invested in the company for 16,315 shares. The Texas-based Salient Lta has invested 0.02% in United Technologies Corporation (NYSE:UTX). Moreover, Balyasny Asset Mngmt Ltd Liability Corporation has 0.28% invested in United Technologies Corporation (NYSE:UTX) for 425,694 shares. Mizuho Tru & Limited owns 1.45 million shares or 0.45% of their US portfolio. Busey holds 0.25% of its portfolio in United Technologies Corporation (NYSE:UTX) for 18,825 shares. Lombard Odier Asset Mngmt (Usa), a New York-based fund reported 28,126 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 6 insider sales for $7.34 million net activity. Gill Charles D had sold 7,144 shares worth $771,910. 3,100 United Technologies Corporation (NYSE:UTX) shares with value of $332,033 were sold by MCDONOUGH ROBERT J. $4.40 million worth of United Technologies Corporation (NYSE:UTX) was sold by DELPECH PHILIPPE. Dumais Michael R sold $251,460 worth of stock or 2,349 shares. $100,107 worth of United Technologies Corporation (NYSE:UTX) was sold by HAYES GREGORY on Thursday, May 12.

United Technologies Corporation is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The company has a market cap of $91.29 billion. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. It has a 23.52 P/E ratio. The Company’s Otis segment designs, makes, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

UTX Company Profile

United Technologies Corporation, incorporated on July 21, 1934, is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. The Company’s UTC Building & Industrial Systems unit, comprising the activities of Otis and UTC Climate, Controls & Security, is the well-known provider of building technologies. The unit offers elevator, escalator heating, ventilating, air-condition and refrigeration systems and services for buildings. Pratt & Whitney and UTC Aerospace Systems serve commercial and government clients in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets.

More news for United Technologies Corporation (NYSE:UTX) were recently published by: Moodys.com, which released: “Moody’s assigns A3 ratings to new United Technologies debt” on October 27, 2016. Moodys.com‘s article titled: “Moody’s Rates New United Technologies Euro-CP Program (P-2)” and published on October 19, 2016 is yet another important article.

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